Needham & Company Maintains an 'Underperform' on Netflix (NFLX); Is A Rebound In Subscriber Growth In The Works?

Needham & Company maintains an 'Underperform' on Netflix (NASDAQ: NFLX).

Needham analyst said, "Netflix reversed the loss of domestic subscribers in the fourth quarter, adding 220,000. And the company easily beat our earnings estimate. We’re maintaining our underperform rating for now. Our 2012 estimate remains at a loss of $0.50."

"The competitive landscape continues to be a major uncertainty in the Netflix story. The company believes, for example, that Amazon (Nasdaq: AMZN) will set up a subscription service separately from its current all-you-can eat Prime service. However, it’s uncertain whether Amazon will commit enough resources to a separate service to make its content competitive with Netflix’s."

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $95.04 yesterday.

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